The bitcoin debit card provider, Wirex, issued 37,000 cards reaching a total of 160,000 users in July 2016, according to data released by the company.
Formally known as E-Coin, the U.K.-based company has experienced phenomenal growth over the last 18 months with continuous monthly growth since its launch in January 2015.
By serving over 130 countries, it is able to offer its customers the ability to combine both bitcoin and fiat currencies through its hybrid banking platform.
The company said in a blog post:
As a small but growing startup, our rapid growth has only been possible thanks to the users who believe in and use our platform. While making global money transfers, buying bitcoin through our platform, and making bitcoin transactions directly within the Wirex app — you can be confident we will continue to grow.
Back in July, CCN.com reported that Wirex was offering its users a free virtual debit card through the Wirex app. The card enables users to load, spend, save, and accept traditional money or bitcoin, from across the world.
In April, the company unveiled the Wirex Mobile app with card loading and money transfer features, essentially making it a stand-alone mobile banking platform app.
Users can apply for new accounts, obtain access to bitcoin and fiat accounts in three currencies, transfer money to any individual who has access to bitcoin or an email address, use their debit card to use in any shop that accepts Visa or MasterCard, in addition to withdrawing from ATMs.
For Wirex, it’s all about freeing yourself from the limitations of traditional banking services, avoiding bank fees, and lengthy application forms with the use of their bitcoin debit card.
Featured image from Wirex.
Last modified: June 10, 2020 3:40 PM UTC